increase Bemco’s paid-up capital from SAR 200 Million to 500 Million to cope with Bemco’s investments for growth and future expansion plans in the industrial sector and IPP in Saudi Arabia and in pursuing EPC projects outside of the Kingdom.

Arabian Bemco has signed partnership protocol to expand its industrial base in Saudi Arabia through venturing with reputable international firms for the manufacturing of Power Generation systems & equipment, which will create many job opportunities and acquire technologies and knowhow to Saudi Arabia. These systems and equipment will target domestic demand as well as exports to other countries in the Region.